Housing has become so unaffordable in the U.S. that a major homebuying demographic, Millennials, are opting to buy in more affordable exurban areas instead of pricey urban and suburban markets.
The Federal Reserve's dovish policy change making further interest rate increases unlikely for the rest of 2019 sent current rates down, and experts say is a signal of the Fed's view of a "slowing global economy."
Fifteen years ago, Baby Boomers in Sun Belt states were having big homes built, inspired by Mediterranean and Tuscan design styles. Now, as they seek to downsize, they are increasingly finding that Millennial buyers are not in the market for these homes.
While housing market conditions are beginning to favor buyers more now than in the spring of 2018, a new study finds that the average American can't afford a home in more than 70 percent of the country.
According to the latest Redfin data, 16 percent of offers written by its agents for buyers were involved in a bidding war. This time last year, the share was 61 percent.
According to the Mortgage Bankers Association's latest data, mortgage application volume increased 8.9 percent over the previous week, and 5.7 percent annually.
The peak spring season is nigh in real estate, and as sellers prepare to list their homes, they'd do well to keep the following best practices in mind to maximize profits.
Based on data analysis of home values, days on market, share of homes sold at a loss, closing costs, and the number of local real estate offices, a new study ranks the best sellers markets in the U.S. today.
